Malaysia is Able to Diversify Its Economic Structure

The ability of Malaysia to establish a large service sector and implement electronic financial sector reflects the maturity of the country as an Islamic economic state, according to Templeton Emerging Markets Group. 
Executive Chairman of Templeton Emerging Markets Group, Dr. Mark Mobius said that Malaysia has succeeded in diversifying its economic structure and not just rely on commodity exports, but on growing domestic demand. 
Most of Malaysia's economy is dominated by the services sector, and has a huge potential consumer market, he added. 
The Malaysian official is also interested in his country's commitment to develop the Islamic financial system in accordance with the global trend by focusing on mobile banking services and electronic payment systems.